Blog - Gerald Lawrence - General Manager, REALTOR®

Market Update

Crunching The Figures: Navigating the Pros and Cons of Higher Interest Rates for Buyers in Canada

Advantages of Higher Interest Rates for Buyers: Reduced Inflation: Higher interest rates can help control inflation by making borrowing more expensive. This can prevent prices from rising too quickly and maintain the purchasing power of consumers. Attractive Returns for Savers: Higher interest rates often lead to increased returns on savings accounts and fixed-income investments. Buyers […]
Market Update

Lake Simcoe Retreat: A Serene Haven for Seasonal Bliss

Introduction: Welcome to our blog, where we invite you to discover the enchanting beauty of Lake Simcoe and the perfect seasonal retreat it offers. Join us as we explore a charming bungalow that beckons you with its idyllic setting, modern features, and limitless potential for creating cherished memories. Let’s dive into the details of this […]
Market Update

Embrace Serenity and Endless Potential: Discover the Extraordinary Estate in Sunderland

Introduction: Welcome to a remarkable property that captures the essence of tranquility and presents boundless opportunities. Nestled in the picturesque town of Sunderland, this extraordinary estate spanning 225 acres is a sanctuary of natural beauty. With its abundance of features and expansive grounds, this property truly offers a lifestyle beyond compare. A Natural Paradise: As […]
Market Update

April 2023 Market Statistics – Low Inventory, Lower Rates, More Buyers, Prices Improve!

TRREB: GTA SALES AND PRICE CONTINUE TO IMPROVE WHILE LISTINGS REMAIN CONSTRAINED TORONTO, ONTARIO, May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to […]

Market Update Crunching The Figures: Navigating the Pros and Cons of Higher Interest Rates for Buyers in Canada Advantages of Higher Interest Rates for Buyers: Reduced Inflation: Higher interest rates can help control inflation by making borrowing more expensive. This can prevent prices from rising too quickly and maintain the purchasing power of consumers. Attractive Returns for Savers: Higher interest rates often lead to increased returns on savings accounts and fixed-income investments. Buyers […]

Market Update Lake Simcoe Retreat: A Serene Haven for Seasonal Bliss Introduction: Welcome to our blog, where we invite you to discover the enchanting beauty of Lake Simcoe and the perfect seasonal retreat it offers. Join us as we explore a charming bungalow that beckons you with its idyllic setting, modern features, and limitless potential for creating cherished memories. Let’s dive into the details of this […]

Market Update Embrace Serenity and Endless Potential: Discover the Extraordinary Estate in Sunderland Introduction: Welcome to a remarkable property that captures the essence of tranquility and presents boundless opportunities. Nestled in the picturesque town of Sunderland, this extraordinary estate spanning 225 acres is a sanctuary of natural beauty. With its abundance of features and expansive grounds, this property truly offers a lifestyle beyond compare. A Natural Paradise: As […]

Market Update April 2023 Market Statistics – Low Inventory, Lower Rates, More Buyers, Prices Improve! TRREB: GTA SALES AND PRICE CONTINUE TO IMPROVE WHILE LISTINGS REMAIN CONSTRAINED TORONTO, ONTARIO, May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to […]

Market Update Couchiching $$$ – Want to Live In a Lakeside Community Up North? Search for Waterfront Properties on Lake Couchiching in Ramara Lake Couchiching is a beautiful lake located in Washago, Ontario, Canada. It is part of the Trent-Severn Waterway, a 386 km long canal system that connects Lake Ontario to Georgian Bay. Lake Couchiching is approximately 16 km long and 5 km wide, and it has a […]

Property Update Cottage For Long Term Lease In Lakeside Community Looking for a stunning lakeside home with all the amenities and comforts you need? Look no further! This beautiful house, located on a quiet private road, is just steps away from the picturesque Lake Couchiching. Enjoy lakefront living at its best with direct access to the lake from across the road. Swim, sunbathe, or simply […]

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Market Update Good News For Buyers: Interest Rates Stay Unchanged – BOC Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario April 12, 2023 The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. […]

Market Update Uxbridge Real Estate Update – March 2023 Real estate activity in Uxbridge, Ontario for March 2023 showed a slight decrease in the average selling price of homes compared to March of the previous year. The average selling price for a home in Uxbridge in March 2023 was $1,329,780, which is a 9.6% decrease from the previous year’s average selling price of […]

Industry Update Bill 97, Helping Homebuyers, Protecting Tenants Act (“HHPA”), 2022 Today, the Government of Ontario introduced new housing legislation – Bill 97, Helping Homebuyers, Protecting Tenants Act (“HHPA”), 2022. The HHPA is the latest in a series of steps the Province is taking to increase the housing supply and help more Ontarians find a home they can afford. Since 2015, TRREB has been a leading voice […]

Property Update JUST SOLD: 3+1 Beds, 3 Baths, 2-Car Garage on 1 Acre* . JUST SOLD 496 Centreline Road | Lindsay, ON K9V4R5 After only three-(3) days on the market, the property is now SOLD firm! Buying and selling a home can be a complicated and stressful process. You need a knowledgeable and skilled agent like me to assist you with the sale of your property or the purchase […]

Market Update Prohibition on the Purchase of Residential Property by Non-Canadians Act On January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act and associated Regulations (the “Act”) came into force and effect. As the name suggests, the Act bans Non-Canadians, as defined by the Act, from directly or indirectly purchasing certain Residential Property in Canada for a period of two […]

Property Update Stunning Brick Bungalow with Fully Updated Kitchen, Finished Basement, and an Incredible Backyard Oasis Sitting On 1 Acre Near Pigeon Lake! If you’re looking for a cozy and spacious home in a peaceful neighborhood, this red brick bungalow with 3+1 bedrooms, and 3 bathrooms on a sprawling 1-acre lot with a finished basement is definitely worth considering. Located in the tranquil area of Downeyville, this property has a lot to offer with its impressive backdrop and […]

Market Update February 2023 Real Estate Market Update Videos Durham Region Real Estate Market Update York Region Real Estate Market Update Greater Toronto Area Real Estate Market Update Township Of Uxbridge Real Estate Market Update Town Of Whitchurch-Stouffville Real Estate Market Update Town Of Ajax Real Estate Market Update City Of Pickering Real Estate Market Update Town Of Whitby Real Estate Market Update City […]

Market Update February 2022 Real Estate Market Update For The Greater Toronto Area GTA HOME SALES AND LISTINGS DROP IN FEBRUARY Uptick in Homebuying Expected Later This Year TORONTO, ONTARIO, MARCH 3, 2023 – February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the […]

Property Update Open House Weekend – Executive Home in Gated Community

Property Update JUST LISTED: 52 Wyndance Way, Uxbridge (The Estates Of Wyndance)

Market Update January 2023 Market Update GTA REAL ESTATE MARKET STARTS THE NEW YEAR THE SAME AS IT ENDED LAST YEAR TORONTO, ONTARIO, FEBRUARY 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On […]

Property Update Just Listed: End Unit Townhouse in the heart of downtown Just Listed For Sale In North Durham Region Click Here To See This Listing With All Pictures & More Information This Luxurious End-Unit Overlooking Green Space On 2 Sides Is Completely Finished From Top To Bottom With Upgrades & Luxury Finishes! An Entertainer’s Dream, Enjoy The Brightly Lit Kitchen & Living Room With 9Ft Ceilings, […]

Market Update Rental Report: POPULATION GROWTH AND HIGH INTEREST RATES DRIVE RENTAL DEMAND IN GTA TORONTO, ONTARIO, January 31, 2023 – Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021. […]